Sanibel Captiva Trust Company Inc. Invests $257,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

Sanibel Captiva Trust Company Inc. purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,059 shares of the business services provider’s stock, valued at approximately $257,000.

Other large investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC grew its holdings in shares of Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $34,000. Gen Wealth Partners Inc purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $36,000. Curio Wealth LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $45,000. Finally, Promus Capital LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $52,000. 90.03% of the stock is owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,068 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total transaction of $251,214.96. Following the transaction, the insider now owns 1,070 shares in the company, valued at $251,685.40. The trade was a 49.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas P. Carey sold 3,607 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $237.26, for a total value of $855,796.82. Following the transaction, the vice president now owns 6,077 shares in the company, valued at approximately $1,441,829.02. This represents a 37.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,116 shares of company stock worth $4,352,298. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.8%

Shares of BR stock opened at $241.01 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average price of $236.57 and a two-hundred day moving average price of $235.00. Broadridge Financial Solutions, Inc. has a 12-month low of $192.68 and a 12-month high of $247.01. The firm has a market cap of $28.31 billion, a P/E ratio of 37.72 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping the consensus estimate of $2.41 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. Broadridge Financial Solutions’s dividend payout ratio is currently 52.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BR shares. Needham & Company LLC started coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a “buy” rating and a $300.00 price objective for the company. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $250.83.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.